Patient Monitoring Devices market is anticipated to grow at 5.60% CAGR from 2016 to 2021 and it is estimated that the global market was valued at USD 19.1 billion in 2018 and is expected to reach USD 25.08 billion by 2023

According to a research by Elliot and Coventry, it is very important that the following eight parameters of a patient should be monitored: oxygen saturation, temperature, pain, pulse, blood pressure, level of consciousness, urine output, and respiration rate, which are monitored with the help of patient monitoring devices. Patient monitoring devices are used during minor & major surgeries to monitor the patient’s physiological signs and related complication. Moreover, with the advancement in wireless technology, these devices could be used to remotely monitor the physiological parameters of the patients. These devices are an integral part of hospitals and other healthcare facilities that are expected to help physicians determine the severity of any disease.

The major factors influencing the growth of the market include increasing geriatric population, rising incidence of lifestyle diseases, growing preference for home and remote monitoring, and availability of easy-to-use and portable devices. This report also tracks and analyzes competitive developments of the key players in terms of market developments, product portfolios, and financials. Moreover, factors such as growing population size of the elderly, rising incidences of unhealthy lifestyle, and technological developments like portability of equipment is further going to aid the market growth.

The global Patient Monitoring Devices market is segmented on the basis of Product and End User. On the basis of Product, it is segmented into Hemodynamic, Neurology, Cardiac, Multiparameter, Remote Patient Monitors, Respiratory, Fetal and Neonatal, Temperature and Weight Management Monitors. Hemodynamic monitoring devices are further segmented into blood glucose, blood gas & electrolyte analyzer, and blood pressure monitors. Neuromonitoring devices are further segmented into electroencephalograph devices, magnetoencephalography devices, intracranial pressure monitors, transcranial Dopplers, and cerebral oximeters. Cardiac monitoring devices are further segmented into electrocardiogram devices, Holter monitors, event monitors, and others (implantable loop recorders, cardiac output monitoring devices, and others). Fetal & neonatal monitoring devices are further segmented into ultrasound devices, Electronic Fetal Monitoring devices (EFM), Fetal Doppler and Others. Respiratory monitoring devices are further segmented into capnograph, spirometer, sleep apnea monitor, and pulse oximeter. Multiparameter monitoring devices are further segmented into high, mid, and low acuity. The respiratory monitors' segment is also expected to grow at a high pace in the forecast period. This growth can be attributed to the rising incidences of obstructive sleep apnea and the rising alternate uses of capnography. The remote patient monitoring (RPM) devices segment is expected to grow at a fast pace majorly driven by government regulations to control the rising healthcare costs. The technological innovations and developments of products are contributing to the market growth of RPM devices. On the basis of End User, it is segmented into Hospitals and Home.

On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America accounted for the highest share followed by Europe. The major growth factors contributing to the growth of the North America market are the aging population and lifestyle diseases that are further adding to the overall prevalence of chronic diseases. However, the growth of Europe is expected to be sluggish in the forecast period and is estimated to grow at a lower CAGR, due to factors such as uneven reimbursement policies, declining birth rates, and reduced number of beds in hospitals. Asia Pacific is the most promising region for patient monitoring devices in the coming five years. It is expected to grow at a higher CAGR over the forecast period. High population base and improved purchasing power of patients will be the major drivers of this market. In addition, the economic instability in the western countries enables the companies to focus on the Asia Pacific, Latin America and Middle East and Africa region in order to meet their revenue targets.

Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Segment-level analysis in terms of Product, by End user along with market size forecasts and estimations to detect key areas of industry growth in detail

Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market